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The ringgit fell to RM4.4850 per US dollar, its weakest level since January 2017, and has lost 7.3% year-to-date. Economists expect the decline to continue gradually because of sluggish commodity prices and the Federal Reserve's hawkish stance.
A sustained weak ringgit makes dollar-priced feed ingredients more expensive for Malaysian buyers, while soft commodity prices weigh on palm-linked values.
businesstimes.com.sgTan Ai LengAug 22, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
